TAXATION LAWS AMENDMENT ACT 1989

Table of Provisions

• Long Title

• 1 Short title  
• 2 Commencement  
• 3 Principal Act  
4. Reduction of taxable value-''otherwise deductible'' rule   5. Reduction of taxable value-''otherwise deductible'' rule  
• 6  
• 7 Reduction of taxable value-remote area holiday transport fringe benefits subject to ceiling  
• 8 Reduction of taxable value-remote area holiday transport fringe benefits not subject to ceiling  
• 9 Reduction of taxable value-overseas employment holiday transport  
• 10 Reduction of taxable value of certain expense payment fringe benefits in respect of relocation transport  
• 11 Reduction of taxable value of certain expense payment fringe benefits in respect of employment interviews or selection tests  
• 12 Reduction of taxable value of certain expense payment fringe benefits associated with work-related medical examinations, work-related medical screenings, work-related preventative health care, work-related counselling or migrant language training  
• 13 Heading to Part X  
• 14  
• 15 Interpretation  
• 16  
• 17 Remote area holiday transport  
• 18 Amendments relating to car records  
• 19 Application of amendments  
• 20 Amendment of assessments  
• 21 Principal Act  
• 22  
• 23 Deductions not allowable for entertainment expenses  
• 24 Interpretation  
• 25  
• 26 Deemed specification of matters in odometer records  
• 27 Log book year of income  
• 28 Deductions not allowable for car expenses incurred in a log book year of income unless log book records and odometer records etc. are maintained  
• 29 Other expenses  
• 30 Retention, and production, of documents  
• 31 Relief from certain substantiation requirements where taxpayer had a reasonable expectation that substantiation would not be required  
• 32 Other interpretative provisions  
• 33 Composite assets  
• 34 Indexation of indexed cost base limit  
• 35 Disposal of taxable Australian assets  
• 36 Acquisition by lessee of reversionary interest of lessor  
• 37  
• 38  
• 39  
• 40 Heading to Division 12 of Part IIIA  
• 41  
• 42 Options  
• 43 Roll-over of prospecting rights and mining rights  
• 44 Involuntary disposal  
• 45 Asset received as a result of involuntary disposal  
• 46  
• 47 Transfer of asset to wholly-owned company  
• 48 Transfer of asset between companies in the same group  
• 49  
• 50  
• 51 Exemption of principal residence  
• 52 Application of amendments  
• 53 Amendment of assessments  
• SCHEDULE